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The Federal Tax Authority (FTA) has emphasised how critical it is that resident businesses move quickly to meet the deadlines for corporate tax registration. Knowing the law and the registration procedure is essential now more than ever because licences granted in January and February have a deadline of May 31, 2024, and missing it will result in penalty.

The FTA recently announced the details of FTA Decision No. 3 of 2024, which sets forth the deadlines for corporate tax registration and is effective as of March 1, 2024. Cabinet Decision No. 10 of 2024, which established administrative sanctions for non-compliance, is supplemented by this directive. By proactively guiding firms through the registration process, the FTA hopes to ensure that they fulfil their duties and stay out of trouble.

The EmaraTax digital tax services platform has made it easier for firms who are already registered for Value Added Tax (VAT) or Excise Tax to register for Corporate Tax. A straightforward four-step procedure that takes just thirty minutes to complete promises a trouble-free compliance journey. With thorough instructions provided on setting up a new user profile and navigating the registration procedure on the FTA’s EmaraTax platform, newcomers to the tax scene are not left behind.

Additionally, the FTA bridges the digital gap and improves accessibility to tax services by enabling in-person support through a number of Government Service Centres located throughout the United Arab Emirates. These centres, manned by qualified professionals, provide a range of government-compliant electronic services, guaranteeing that any firm may confidently fulfil its tax requirements.

The FTA’s message is very clear as the May 31, 2024, deadline draws near: take immediate action to guarantee compliance and save needless fines. Accept the digital simplicity of the EmaraTax platform or look for in-person assistance, but make sure your company complies with UAE tax laws.